Vehicles as well as auto parts and accessories topped Thai shipments to Asean in the first eight months of this year, valued at Bt164.8 billion, according to figures from the Department of Foreign Trade. Among the top five exports to the region, the auto sector was followed by fuels, plastics, chemical products, and machinery and […]
Read MoreSINGAPORE shares opened sharply lower for a third straight session on Monday following Friday’s bond selloff on Wall Street and Sunday’s decision by the People’s Bank of China to loosen monetary policy for a fourth time this year. At 10.45am, Singapore’s Straits Times Index was down 0.7 per cent, or 21.64 points, at 3,188.15. The Shanghai Composite […]
Read MoreAsian companies, particularly those in Southeast Asia, are at risk of falling out of multinational corporations’ supply chains if they fail to improve their environmental, social and governance (ESG) strategies, according to HSBC. The conclusion is contained in a report commissioned by the multinational bank, in conjunction with East & Partners, based on interviews with senior […]
Read MoreBENGALURU (REUTERS) – Asian currencies fell on Thursday (Oct 2) after robust US economic figures and bullish comments from the Federal Reserve boosted the US dollar, prompting sustained regional outflows. The greenback rose about 0.3 per cent against a basket of currencies after news that US service sector activity raced to a 21-year high in […]
Read MoreTHAI Beverage Plc (ThaiBev), Thailand’s biggest beverage producer, yesterday announced a major strategic reshuffle of executives under a revamped management structure that will back the company’s growth ambitions for its beer business in the Asean region. The restructuring was undertaken in the wake of the company’s acquisitions of breweries in Myanmar and Vietnam. Fraser and […]
Read MoreSINGAPORE: KKR & Co is seeking to invest more in South-East Asia, where companies are poised to benefit from the US-China trade dispute, according to the private equity firm’s co-founder Henry Kravis. “The longer that the dispute with China and the US goes on, I think you are going to see more opportunities” for investment […]
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